Ministry of Development of North-East Region
North East Venture Fund
The details of the investment in startups by the North East Venture Fund  since its inception in terms of the amount invested, location and sector is given at Annexure-I.
Valuing a start-up is linked to a future date  based on subsequent round of funds raised from other investors. Based on investor opinion, market conditions, and the company's development, valuations may change in various funding rounds.
The startups, supported by NEVF, have identified the unique business opportunities available in the region and have provided value added solutions to the consumers through their products and services. The details of the employment generated through these start-ups including the details of skilled and unskilled labours and female participation, State-wise and year-wise is given at Annexure-II.
NEVF is registered as a Category I Venture Capital Fund under Securities and Exchange Board of India  Alternative Investment Funds  Regulations, 2012. Further, an independent committee  comprising of experienced professionals from the field of venture funding, private equity, developmental banking etc takes the investment decision. As a regulatory requirement, periodic reporting on the operation/compliances of regulation is placed before the contributors of NEVF and other concerned bodies in a structured manner. In addition, fund operation is also monitored by Reserve Bank of India  and Comptroller and Auditor General of India  in the form of periodic audit.
NEVF was established as a close ended fund with a target corpus of Rs. 100 crore. It has already received its targeted corpus with contribution of Rs. 30 crore from North Eastern Development Finance Corporation Ltd. , Rs. 25 crore from Small Industries Development Bank of India  and Rs. 45 crore from Ministry of Development of North Eastern Region . However, the contribution of MDoNER was given to NEDFi as interest free loan to be repayable in lump sum at the end of 15 years.
To augment entrepreneurship opportunities among marginalized sections, NEDFi has established its branch network across all the states of NER which reach out to their startups through their business meets wherein the details of venture funds are explained. This has resulted in NEVF reaching and funding startups from Arunachal Pradesh, Manipur and Meghalaya. A pipeline of proposals is at various stages of processing from the states of Nagaland and Mizoram also. Many of these startups are led by women co-founders. To further its attempt to reach to the remote areas of NER to support startups, NEVF had conducted Startup Investment Fest, an online application process for investment, in March, 2022. The fest has seen a lot of enthusiasm from far flung region of NER.
Annexure-I
Investment in startups by the North East Venture Fund  since inception

|
|
Sl No.
|
|
Name of the Startup
|
|
Amount Invested
|
|
Location
|
|
Sector
|
|
1
|
|
Fareast Tourism Development Pvt Ltd
|
|
90.00
|
|
Arunachal Pradesh
|
|
Tourism
|
|
2
|
|
PWLO Entertainment Pvt Ltd
|
|
50.00
|
|
Arunachal Pradesh
|
|
Tourism
|
|
3
|
|
ERC Eye Care Pvt Ltd
|
|
300.00
|
|
Assam
|
|
Healthcare
|
|
4
|
|
Automovill Technologies Pvt Ltd
|
|
380.00
|
|
Assam
|
|
Mobility
|
|
5
|
|
Terra Blue Exploration Technologies Pvt Ltd
|
|
200.00
|
|
Assam
|
|
Healthcare
|
|
6
|
|
Parking Rhino Online Services Pvt Ltd
|
|
365.00
|
|
Assam
|
|
Mobility
|
|
7
|
|
Pratyaksha Agrotech Pvt Ltd
|
|
400.00
|
|
Assam
|
|
Biotech
|
|
8
|
|
Northeast Flavors India Pvt Ltd
|
|
172.50
|
|
Assam
|
|
Food Processing
|
|
9
|
|
Symbiotic Foods Pvt Ltd
|
|
250.00
|
|
Assam
|
|
Agri & Allied
|
|
10
|
|
Izake Design & Consultancy Pvt Ltd
|
|
25.00
|
|
Assam
|
|
Handloom & Handicrafts
|
|
11
|
|
Atvi Infotainment Pvt Ltd
|
|
300.00
|
|
Assam
|
|
Media & Entertainment
|
|
12
|
|
Olatus Systems Pvt Ltd
|
|
35.00
|
|
Assam
|
|
Internet of Things
|
|
13
|
|
Invicto Software Solutions Pvt Ltd
|
|
450.00
|
|
Assam
|
|
Software as a Service
|
|
14
|
|
OSK Food & Technology Pvt Ltd
|
|
50.00
|
|
Assam
|
|
Food & Beverage
|
|
15
|
|
Etash Delivery Technologies Pvt Ltd
|
|
500.00
|
|
Assam
|
|
Logistics
|
|
16
|
|
Zerund Manufacturing Pvt Ltd
|
|
260.00
|
|
Assam
|
|
Construction
|
|
17
|
|
KraftInn Home Decore India Pvt Ltd
|
|
50.00
|
|
Assam
|
|
Handloom & Handicrafts
|
|
18
|
|
My3dselfie Pvt Ltd
|
|
400.00
|
|
Assam
|
|
Software as a Service
|
|
19
|
|
Ruloi Tea Trading Pvt Ltd
|
|
112.00
|
|
Assam
|
|
Food & Beverage
|
|
20
|
|
Encamp Tourism Pvt Ltd
|
|
100.00
|
|
Assam
|
|
Tourism
|
|
21
|
|
Aqua Blue Global Aquaculture Solutions Pvt. Ltd.
|
|
50.00
|
|
Assam
|
|
Agri & Allied
|
|
22
|
|
QWKPRO Consultancy Pvt Ltd
|
|
30.00
|
|
Assam
|
|
Healthcare
|
|
23
|
|
Bright crop Agro Products Private Limited
|
|
50.00
|
|
Assam
|
|
Agri & Allied
|
|
24
|
|
Avgarde Systems Pvt Ltd
|
|
100.00
|
|
Assam
|
|
Internet of Things
|
|
25
|
|
Respirit Healthcare Pvt Ltd
|
|
25.00
|
|
Assam
|
|
Healthcare
|
|
26
|
|
Binbag Environmental Services Pvt Ltd
|
|
75.00
|
|
Assam
|
|
Waste Management
|
|
27
|
|
Thangvung Privilege Services Pvt Ltd
|
|
25.00
|
|
Manipur
|
|
Loyalty Marketing
|
|
28
|
|
Taret Foods Pvt Ltd
|
|
65.00
|
|
Manipur
|
|
Food Processing
|
|
29
|
|
Hills Land Ed Tech Pvt Ltd
|
|
50.00
|
|
Manipur
|
|
Education
|
|
30
|
|
Twosis Garden Pvt Ltd
|
|
45.00
|
|
Manipur
|
|
Food Processing
|
|
31
|
|
Tantha Entertainment Pvt Ltd
|
|
150.00
|
|
Manipur
|
|
Media & Entertainment
|
|
32
|
|
Green Biotech Ecosolution Pvt Ltd
|
|
300.00
|
|
Manipur
|
|
Biotech
|
|
33
|
|
Eri Weave Pvt Ltd
|
|
35.00
|
|
Meghalaya
|
|
Handloom & Handcrafted
|
|
34
|
|
Shillong Bamboo Pvt Ltd
|
|
45.00
|
|
Meghalaya
|
|
Bamboo
|
|
35
|
|
Ruralnomics Pvt Ltd
|
|
25.00
|
|
Meghalaya
|
|
E-commerce
|
|
36
|
|
Topview Infolabs  Limited
|
|
100.00
|
|
Sikkim
|
|
Tourism
|
|
37
|
|
Aaharan Edusmart Pvt Ltd
|
|
25.00
|
|
Tripura
|
|
Education
|
|
Total
|
|
5684.50
|
|
|
|
Annexure-II
Employment generated through NEVF supported start-ups
|
|
Financial Year
|
|
State
|
|
Male
|
|
Female
|
|
Total
|
|
Skilled
|
|
Unskilled
|
|
2017-18
|
|
Assam
|
|
135
|
|
120
|
|
255
|
|
109
|
|
146
|
|
Sub-Total
|
|
135
|
|
120
|
|
255
|
|
109
|
|
146
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2018-19
|
|
Assam
|
|
1307
|
|
374
|
|
1681
|
|
92
|
|
1589
|
|
Sub-Total
|
|
1307
|
|
374
|
|
1681
|
|
92
|
|
1589
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2019-20
|
|
Arunachal Pradesh
|
|
15
|
|
7
|
|
22
|
|
6
|
|
16
|
|
Assam
|
|
84
|
|
29
|
|
113
|
|
63
|
|
50
|
|
Manipur
|
|
24
|
|
8
|
|
32
|
|
31
|
|
1
|
|
Sub-Total
|
|
123
|
|
44
|
|
167
|
|
100
|
|
67
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020-21
|
|
Arunachal Pradesh
|
|
62
|
|
7
|
|
69
|
|
6
|
|
63
|
|
Assam
|
|
827
|
|
93
|
|
920
|
|
87
|
|
833
|
|
Manipur
|
|
232
|
|
43
|
|
275
|
|
35
|
|
240
|
|
Mizoram
|
|
125
|
|
13
|
|
138
|
|
11
|
|
127
|
|
Sikkim
|
|
62
|
|
7
|
|
69
|
|
6
|
|
63
|
|
Tripura
|
|
10
|
|
4
|
|
14
|
|
4
|
|
10
|
|
Sub-Total
|
|
1318
|
|
167
|
|
1485
|
|
149
|
|
1336
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021-22
|
|
Assam
|
|
237
|
|
53
|
|
290
|
|
77
|
|
213
|
|
Manipur
|
|
26
|
|
6
|
|
32
|
|
16
|
|
16
|
|
Sub-Total
|
|
263
|
|
59
|
|
322
|
|
93
|
|
229
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022-23
|
|
Assam
|
|
679
|
|
101
|
|
780
|
|
99
|
|
681
|
|
Meghalaya
|
|
29
|
|
11
|
|
40
|
|
32
|
|
8
|
|
Manipur
|
|
12
|
|
10
|
|
22
|
|
17
|
|
5
|
|
Sikkim
|
|
21
|
|
14
|
|
35
|
|
22
|
|
13
|
|
Sub-Total
|
|
741
|
|
136
|
|
877
|
|
170
|
|
707
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023-24
|
|
Assam
|
|
11
|
|
4
|
|
15
|
|
13
|
|
2
|
|
Arunachal Pradesh
|
|
8
|
|
2
|
|
10
|
|
10
|
|
0
|
|
Sub-Total
|
|
19
|
|
6
|
|
25
|
|
23
|
|
2
|
|
|
|
Total
|
|
3906
|
|
906
|
|
4812
|
|
736
|
|
4076
This information was given by Union Minister for Ministry of Development of North Eastern Region Shri G. Kishan Reddy in a written reply in Lok Sabha today.